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Housing Markets

New Home Sales Plummeted 16.6 Percent in April as Mortgage Interest Rates Surged Upward

New home sales tanked in April, falling 16.6% compared with March and 26.9% compared with April 2021, as mortgage interest rates increased and home...
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Sales for Existing Homes Decrease by 2.4 Percent in April 2022

Existing-home sales recorded a third straight month of declines, slipping slightly in April, according to the National Association of Realtors. Month-over-month sales were split...

Redfin Reports Slowing Demand, More Sellers Coming to Market

Homebuyers may finally start to notice signs that the market is shifting toward their favor, as more sellers came to the market during the...

Housing Starts Dipped in April as Headwinds Slowed Production

Housing starts in April were at a seasonally adjusted annual rate of 1.724 million, a decrease of 0.2% compared with March but an increase...

Rising Rates, Continued Inflation Expected to Slow Housing Activity

Persistent inflation, rising interest rates and a slowdown of global economic growth are the primary contributing factors to updated expectations that full-year 2022 real...

Homebuyer Competition Continues to Decrease, Redfin Reports

Nationwide, 60.7% of home offers written by Redfin agents encountered competition on a seasonally adjusted basis in April, the lowest level since March 2021,...

Biden Administration Releases Federal Plan to Ease Housing Costs, Boost Market

President Biden has released a Housing Supply Action Plan to ease the burden of housing costs over time by boosting the supply of quality...

ATTOM: Nearly 45 Percent of Mortgaged Properties Were Equity-Rich in Q1 2022

The Q1 2022 U.S. Home Equity & Underwater Report from ATTOM shows that 44.9% of mortgaged residential properties in the United States were considered...

Strong Job Gains in April, Unemployment Rate Flat at 3.6 Percent

The U.S. economy added 428,000 jobs in April, exceeding expectations, while the unemployment rate remained flat at 3.6%, according to the U.S. Bureau of...

Radian: After Q1 Record Appreciation, Home Price Increase Slows Down

Home prices across the United States rose in the first three months of the year at an annualized rate of 12.8%, according to Radian...

Consumer Reservations Regarding Housing Reach Lowest Point Since May 2020

Fannie Mae’s Home Purchase Sentiment Index (HPSI) decreased by 4.7 points to 68.5 in April, its lowest level since May 2020, as surveyed consumers...

Metro Areas See Double-Digit Price Appreciation in Q1 2022

The first quarter of 2022 saw more markets reach double-digit annual price gains than the previous quarter, according to the National Association of Realtors'...

Home Prices Jumped Nearly 2 Percent Month Over Month in February

U.S. home prices increased 1.9% on an adjusted basis in February compared with January and were up 19.8% compared with February 2021, according to...

First American RHPI: Real House Prices Increase Close to 31 Percent

The newly released February 2022 First American Real House Price Index (RHPI) shows that real house prices increased 5.8% between January 2022 and February...

Housing Starts Increased in March, But Production is Expected to Slow

Housing starts were at a seasonally adjusted annual rate of 1.793 million in March - an increase of 0.3% compared with February and an...

Redfin Sees Lower Demand as Sellers Begin to Drop Prices

Early-stage homebuying demand continues to falter this spring, as new listings fell 7% from a year earlier, according to a new report from Redfin....

Demand for Second Homes Drops Drastically, Redfin Finds

Demand for vacation homes dropped sharply for the second month in a row in March, with mortgage-rate locks for second homes at their lowest...

Black Knight: Home Price Growth Was Nearly 20 Percent in February

The Data & Analytics division of Black Knight Inc. has released its latest Mortgage Monitor Report, based upon the company's mortgage, real estate and...

Strong Job Gains in March Pushed Unemployment Rate Down to 3.6 Percent

The U.S. economy added 431,000 jobs in March - slightly below expectations - while the unemployment rate dipped to 3.6%, according to the U.S....

U.S. Home Prices Were Up Nearly 20 Percent Year-Over-Year in January 

Driven by strong demand and limited inventory, U.S. home prices increased 1.6% on an adjusted basis in January and were up 19.2% compared with...